Nifty 50 rallied 1.60% to 22,721.95 on Tuesday, led by strong IT gains. DIIs net bought ₹2,439 Cr, offsetting persistent FII selling pressure.
Indian equity markets staged a robust recovery on Tuesday, with the Nifty 50 climbing 1.60% to close at 22,721.95. The rally was primarily driven by heavy buying in the IT sector following strong quarterly earnings, while domestic institutional investors (DIIs) provided significant support to the market despite persistent selling by foreign institutional investors (FIIs).
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 22,721.95 (+1.60%) |
| Nifty Bank | 55,481.05 (+1.03%) |
| Nifty Midcap 100 | 59,459.20 (+1.06%) |
Institutional Flows
| Date | FII Net | DII Net |
|---|---|---|
| 13-Oct-26 | -1,305.13 | +2,439.24 |
| 12-Oct-26 | -1,708.48 | +3,045.02 |
| 09-Oct-26 | -3,568.90 | +4,743.26 |
FIIs continued their selling streak, offloading a net of ₹1,305.13 crore on Tuesday. However, DIIs absorbed the supply, recording a net purchase of ₹2,439.24 crore, which helped maintain the upward momentum.
Sector Performance
| Sector | Last |
|---|---|
| Nifty IT | 29,830.10 (+5.22%) |
| Nifty Realty | 829.95 (+2.46%) |
| Nifty Fin Services | 25,228.55 (+1.46%) |
| Nifty PSU Bank | 8,146.55 (+1.44%) |
| Nifty FMCG | 44,731.15 (+1.40%) |
| Nifty Auto | 25,391.85 (+1.23%) |
| Nifty Pharma | 26,075.00 (-0.01%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| HCLTECH | HCL Technologies | 1,326.00 (+8.42%) |
| TCS | Tata Consultancy Services | 2,269.30 (+6.79%) |
| SHRIRAMFIN | Shriram Finance | 988.00 (+6.31%) |
| KOTAKBANK | Kotak Mahindra Bank | 439.00 (-0.99%) |
| MARUTI | Maruti Suzuki | 11,245.00 (-0.62%) |
Corporate News
- Bharat Electronics secured additional orders worth ₹533 crore for communication equipment and avionics.
- Signpost India bagged exclusive advertisement rights on ‘CHALO’ buses under a five-year contract.
- Aaron Industries received an order worth ₹2 crore from Gulf Elevators.
Macro and Global Cues
The Indian rupee strengthened by 42 paise, closing at 95.36 against the US dollar. On the macro front, the IMF has revised India’s FY27 growth projection upward to 7.0%, citing resilient domestic demand. Meanwhile, Asian markets ended mixed, with the KOSPI index tumbling over 5% following a sharp sell-off in memory-chip stocks.
Insight: Despite the ongoing FII exodus, the resilience of domestic institutional buying and strong IT sector performance continue to provide a floor for the Indian equity markets.
